Well Lateral Length | Rig Count | Top Story | Capital Markets | Capital Expenditure | Capital Expenditure - 2017 | Private Equity Activity | Drilling Contractor
Marcellus, Utica E&P to Spend $1.5B in 2017; 7 Rigs, 170 Wells
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Antero announced its 2017 capital budget and guidance and provided a long-term outlook through 2020.
Key Points: Total budget of $1.5 billion (including $200MM land budget) Antero plans to operate an average of seven drilling rigs (four in the Marcellus Shale in West Virginia and three in the Ohio Utica Shale) expects to complete 35 wells with an average lateral length of 9,700 feet. The development plan in the Utica averages six wells per pad in 2017. Drill a total of 170 wells Marcellus: Expects to complete 135 wells with an average lateral length of 9,200 feet. Utica: Expects to complete 35 wells with an average lateral length of 9,700 feet. Forty of the 135 completions are previously drilled but uncompleted wells carried over from 2016. Highlights Include: Drilling and…- ✓ Full news archive — U.S., Canada & international coverage
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